Lorenzo Stroe
Independent Analyst
- WICC/USD has experienced a tremendous bull move today on June 16 hitting $0.2532.
- Previously, WaykiChain was in a daily downtrend.
WaykiChain, a relatively low market-cap cryptocurrency is up by more than 40% in the last 24 hours with a decent trading volume of $27 million. The current price of $0.25 is not the 2020-high, which was established on February 24 at $0.36. Either way, WICC is now in a strong daily uptrend after breaking above several resistance levels.
WICC/USD daily chart
WICC was trading below the daily 12-EMA and the 26-EMA, both extremely close to a bear cross, however, bulls have awakened and pushed WICC above $0.20 hitting $0.2532. Buyers were able to destroy several resistance points and have created a daily uptrend. The daily RSI is overextended and could slow down the bullish momentum of WICC in the short-term.
This move is not necessarily surprising considering OKEx is launching a token sale tomorrow on June 17 where users can hold OKB to get WGRT, WaykiChain Governance Coin.
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